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20121212
20121212
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in america for americans, should be dealt with. one that some people want to put on the table really doesn't deal with the deficit at all, and that's social security. so before we even get into this discussion tonight, let's just understand or anybody that cares to take on this issue that in dealing with the fiscal cliff, social security is not the problem. the deficit is not caused by social security. social security has never been and in its present form, will not be part of the deficit issue. it's separate and apart. it is a special program. has its own source of revenue. has its own trust fund and isn't running the deficit at all and has not run a deficit. so let's put social security to the side and say, yes, in the years ahead, maybe even next year, but probably three to four years out, social security will be dealt with, as it must, because we will have to make adjustments. but that is really not the debate about the deficit, sequestration or the fiscal cliff. coming back to the fiscal cliff, let's take up one of the very big programs and i'm not talking about the department of defe
a debt the size of our economy. you cannot solve america's problems. you cannot leave the kind of country behind for our children and grandchildren that our parents left behind for us until you make the entitlement programs meet the demographics of our country. we have known that for years. when are we ever going to make those kind of decisions? we will have another opportunity later, when the debt ceiling issue arrives. when are we going to make this decision? that is our question. this whole discussion -- and admittedly, the president has some advantages, being one messenger. you would think this whole discussion was about nothing other than raising the top two has tax rates. -- two tax rates. that has literally nothing to do with solving the problem. i have been waiting for the president to become serious about solving the problem. i do not know when he is going to become serious. it sounds to me like we are running out of time. we will take our cues from the speaker as to when they are able, if they are able, to reach some kind of agreement. >> the democrats have 50 or more votes. a g
. finally, we have david walker, founder and ceo of the comeback america initiative. he is formally the comptroller general of the united states. he was also the head director of the u.s. government accountability office for almost 10 years. he is widely read and has written numerous articles on the debt and deficit. he has a new initiative which makes tremendous sense. his new group is looking at the efficiencies, inefficiencies, duplications in the government to try to find areas where we can save money without cutting. it is a very interesting initiative, one that you ought to look into and see about supporting. i hope we he will mention it briefly in his comments today. i will turn to the panel and sit-down and we will start discussing hopefully some of these issues. [inaudible] >> the short run problems of the fiscal cliff, but we're going to do with this debt and deficit issue and take time to summarize how we should look at these issues. i will start with david on the far side and move right across. >> thank you for coming. first, there are common denominators between the cha
Search Results 0 to 2 of about 3